Sorry mate .. no one agrees with you on the EXT comments.
I originally picked on BMN as better than EXT based on an Anomaly A vs Ida Dome comparison ... On that comparison BMN was a clear winner. But since then the Rossing South discovery has changed that equation completely. Rossing South is a very special deposit ... I personally feel that it is the "feeder" channel into RIO's Rossing deposit, and the grades getting richer to the South is proving that.
Now if we are talking about leverage then its a different matter, and is all guesswork. That is the decision that each person must make. BMN should in my opinion be trading around $2-2.50. It should never have fallen as low as it did, and has had a much harder road than most to recover, because of the negative sentiment over Savanah & the Opes dump. So the upside for BMN is significant. But EXT is "in play" so dont be fooled by its high price ... it will go to much higher levels from here.
I suppose the question each one must ask is ... Right now, if you have $100k to invest, which one is the better “leverage buy”at current prices - BMN or EXT?
We know that both are going higher ... BMN could & should easily get to $3 by years end. That means EXT needs to get above $13.00 to be a better buy. It might well & truly do that & more if a takeover comes.
Your call … Maybe a good idea to hold BOTH!!
;)
BMN Price at posting:
$1.35 Sentiment: LT Buy Disclosure: Held
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